News for 'Black Money'

BYD's Latest EV Makes a Splash in Mumbai

BYD's Latest EV Makes a Splash in Mumbai

Rediff.com25 Jun 2025

The BYD Sealion 7 offers instant, exhilarating power, effortlessly pinning you to your seat with a 0-100 km/h sprint in just 4.5 seconds -- a performance proudly showcased on its rear badging.

3 reasons why India's rich stash money abroad

3 reasons why India's rich stash money abroad

Rediff.com3 Nov 2014

Clearly, rich Indians have little confidence in India. Perhaps we are also chronically dishonest.

'Europe Loved Aranyer Din Ratri'

'Europe Loved Aranyer Din Ratri'

Rediff.com20 May 2025

'I am glad Aranyer Din Ratri is being shown at Cannes.' 'The film was better appreciated outside India even when released originally.'

Why tax sops under Section 54 are money-launderer's delight

Why tax sops under Section 54 are money-launderer's delight

Rediff.com28 Dec 2015

Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.

Updated ITR: What You Must Know

Updated ITR: What You Must Know

Rediff.com5 Feb 2025

'Once filed, it cannot be revised or rectified.'

How Lamb played hand in Tendulkar's maiden Test ton

How Lamb played hand in Tendulkar's maiden Test ton

Rediff.com29 Jun 2025

Speaking to PTI, Lamb also spoke passionately about his playing days with Kapil Dev in County cricket and why he rates Sachin Tendulkar over Sunil Gavaskar and Virat Kohli.

Govt cuts sorry figure with money laundering

Govt cuts sorry figure with money laundering

Rediff.com6 Apr 2009

One is really left wondering how India can ever claim to fare better than the United States and the United Kingdom in this space.

Foreign investment in Indian corporate bonds hits 10-year high in May

Foreign investment in Indian corporate bonds hits 10-year high in May

Rediff.com7 Jun 2025

Foreign investment in bonds issued by Indian corporates touched a 10-year high in May at 20,996 crore, driven by $3.35 billion fundraise by the Shapoorji Pallonji (SP) group, which saw infusion from Deutsche Bank, BlackRock, Morgan Stanley, Davidson Kempner, and Cerberus Capital, among others. The SP group sold three-year bonds, offering 19.75 per cent yield compounded annually and payable at maturity.

Drones Are What India Needs For Future Wars

Drones Are What India Needs For Future Wars

Rediff.com18 Jul 2025

The foremost lesson for India today is to beef up its air defence to cater for multiple drone attacks. As seen in Operation Sindoor, we have come a long way, but there's room for getting better. We must develop a robust and almost impregnable air cover over ourselves, asserts IAF veteran Air Commodore Nitin Sathe (retd).

Jasmine Bhasin's Cool Vibes

Jasmine Bhasin's Cool Vibes

Rediff.com27 Feb 2025

Jasmine Bhasin's ability to balance sophistication with a fun spirit is seen in her fashion choices.

Tax clearance certificate is not for all: Govt clarifies

Tax clearance certificate is not for all: Govt clarifies

Rediff.com28 Jul 2024

After social media outrage over a Budget proposal making it mandatory to get tax clearance certificates for going abroad, the government on Sunday clarified that the proposed amendment is not for all, and only those accused of financial irregularities or having substantial tax arrears need such clearance. The finance ministry, in the Finance Bill, 2024, has proposed to add the reference of the Black Money Act, 2015, to the list of Acts, under which any person should clear his liabilities to obtain the tax clearance certificate.

Anant Ambani Rescues Chickens From Slaughter

Anant Ambani Rescues Chickens From Slaughter

Rediff.com1 Apr 2025

A viral video of Anant Ambani saving chickens from getting slaughtered is doing the rounds on the Internet.

Plea in Delhi HC seeks recall of currency over Rs 100, curbing cash deals over Rs 10K

Plea in Delhi HC seeks recall of currency over Rs 100, curbing cash deals over Rs 10K

Rediff.com3 May 2023

The Delhi high court on Wednesday asked the Centre and the Delhi government to present their stand on a plea seeking recall of all currency notes above Rs 100, restricting cash transactions above Rs 10,000 and linking assets worth more than Rs 50,000 with Aadhaar to check corruption.

BAF's Withstand Black Monday Turmoil

BAF's Withstand Black Monday Turmoil

Rediff.com7 Aug 2024

Data from Amfi shows that NAV of every one in two BAFs declined 1.5% or less on Monday compared to a 3.13% decline in Nifty 500.

Black Is The New White For Car Buyers

Black Is The New White For Car Buyers

Rediff.com16 Jan 2024

'The decrease in the popularity of white cars and the rise in preference for darker colours like black, grey, and blue over the past three years reflect changing consumer attitudes.'

No coercive action against Anil Ambani till Nov 17, HC tells I-T dept

No coercive action against Anil Ambani till Nov 17, HC tells I-T dept

Rediff.com26 Sep 2022

The Bombay high court on Monday directed the Income Tax department not to take any coercive action against Reliance Group chairman Anil Ambani till November 17 on a show cause notice issued to him seeking to prosecute him under the Black Money Act. The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani (63) with "wilful" evasion, saying he "intentionally" did not disclose his foreign bank account details and financial interests to Indian tax authorities.

Mumbai's Lilavati Hospital trust alleges Rs 1,500 cr fraud by ex-trustees

Mumbai's Lilavati Hospital trust alleges Rs 1,500 cr fraud by ex-trustees

Rediff.com12 Mar 2025

The Lilavati Kirtilal Mehta Medical Trust (LKMMT), which runs Mumbai's Lilavati Hospital, has accused its former trustees and related individuals of misappropriating over Rs 1,500 crore. The trust has filed complaints with the Enforcement Directorate (ED) and the Bandra Police Station, alleging that the misappropriation, uncovered during a forensic audit, has impacted the trust's operations and healthcare services. The trust has also claimed that black magic was performed in the hospital premises by former trustees and related individuals. The Bandra Magistrate Court has ordered an inquiry against these individuals. The current trustees have identified large-scale irregularities in the hospital management body's affairs and appointed forensic auditors who found that over Rs 1,500 crore has been siphoned and misappropriated by the former trustees. The Mumbai police's Economic Offences Wing (EOW) has initiated a probe into an alleged cheating case of Rs 85 crore registered against three former trustees of the hospital.

Gukesh fights back to hold Firouzja

Gukesh fights back to hold Firouzja

Rediff.com14 Feb 2025

Local hero Vincent Keymer was at his best as he drew the first blood against Fabiano Caruana of the United States. Going in with 1-0 lead with one game to go, the onus is now on Caruana to draw level that will force a tiebreaker.

Respect SC order, but...: BJP defends electoral bonds

Respect SC order, but...: BJP defends electoral bonds

Rediff.com15 Feb 2024

The Bharatiya Janata Party on Thursday defended the electoral bonds scheme, struck down as unconstitutional by the Supreme Court, saying it had a laudable objective of bringing transparency in poll funding.

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

Rediff.com9 Jun 2025

HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.

Plea to link Aadhaar with property: HC seeks Centre's reply

Plea to link Aadhaar with property: HC seeks Centre's reply

Rediff.com17 Apr 2023

The Delhi high court on Monday asked the Centre to file reply on a plea seeking linking of immovable and movable property documents of citizens with their Aadhaar numbers to curb corruption, black money generation, and benami transactions.

Gautam Khaitan arrested in fresh money laundering case

Gautam Khaitan arrested in fresh money laundering case

Rediff.com26 Jan 2019

ED sought his custody for seven days, claiming it had knowledge of unidentified assets which value more than Rs 500 crore and his custodial interrogation was required.

Withdrawing money from bank? Pay tax!

Withdrawing money from bank? Pay tax!

Rediff.com28 Feb 2005

The FM has levied 0.1 per cent tax will be levied on withdrawal of cash of Rs 10,000 and above from banks on a single day. So if you withdraw Rs 10,000 from the bank on a single day, you will need to pay a tax of Rs 10 on it.

'Middle Class Won't Be Affected By Indexation'

'Middle Class Won't Be Affected By Indexation'

Rediff.com26 Jul 2024

'For me, if I want to buy a house to stay, I don't care about indexation because I don't want to sell that house.' 'The only thing that matters to me as a buyer is that the home price should be within my reach.' 'Any market, when speculators and investors go out, it will benefit the middle class.'

Cash may no longer be king as e-money emerges new ruler

Cash may no longer be king as e-money emerges new ruler

Rediff.com16 Jul 2016

The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.

'Where Is The Evidence Against Justice Varma?'

'Where Is The Evidence Against Justice Varma?'

Rediff.com26 Mar 2025

'We have already prejudged the issue. And now things have reached a point where it is very difficult for a person to say that he could be innocent.'

Shuks' Space Flight: 'A Leapfrog Moment For India'

Shuks' Space Flight: 'A Leapfrog Moment For India'

Rediff.com11 Jun 2025

'You can imagine for India what Shuks means not just to the billions of people in India but the entire Indian diaspora around the world.'

'Metro... In Dino Is The Life I Have Lived'

'Metro... In Dino Is The Life I Have Lived'

Rediff.com24 Jun 2025

'Very rarely does a film give you the opportunity to do this, I was constantly improvising and adding scenes on the set.'

No harm in following money: Smith backs Williamson

No harm in following money: Smith backs Williamson

Rediff.com22 Jun 2024

First Trent Boult and now Willamsoin, does it set a dangerous precedent?

Demonetisation: Why Did RBI Protect Modi?

Demonetisation: Why Did RBI Protect Modi?

Rediff.com17 Nov 2023

Events proved that on every count the RBI had accurately predicted both the damage and the lack of benefit. What the RBI was hiding was the fact that Modi had ignored its concerns -- all of which turned out to be true -- and gone ahead anyway, asserts Aakar Patel.

Chess: Gukesh stunned in Superbet Classic

Chess: Gukesh stunned in Superbet Classic

Rediff.com10 May 2025

Gukesh is currently sharing the 8th spot on 1.5 points along with Abdusattorov and Duda.

Bollywood's Young And *Super* Glamorous

Bollywood's Young And *Super* Glamorous

Rediff.com20 Feb 2025

Bollywood's young generation is going totally glam on social media.

ED questions Anil Ambani in fresh FEMA case

ED questions Anil Ambani in fresh FEMA case

Rediff.com3 Jul 2023

Reliance ADA Group chairman Anil Ambani on Monday appeared before the Enforcement Directorate (ED) in Mumbai and recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. Ambani, 64, deposed at the office of the federal agency in south Mumbai. Ambani's statement was recorded as part of a fresh case filed under various sections of the Foreign Exchange Management Act (FEMA), the sources said without elaborating.

Itachuna: Regal, Rich, And A Bit Spooky

Itachuna: Regal, Rich, And A Bit Spooky

Rediff.com2 Jul 2025

Rajbaris are a link to Bengal's rich past, of grand mansions, classical fine dining, and allow guests to be pretend zamindars for those few hours or days that they stay.

Rs 786,27,00,000! Amount of black money seized in FY10

Rs 786,27,00,000! Amount of black money seized in FY10

Rediff.com17 Aug 2010

The government has seized over Rs 1,764 crore (Rs 17.64 billion) of unaccounted income in the last three financial years, with sectors like real estate, manufacturing and mining generating the most of it, Parliament was informed on Tuesday.

'India can emerge as key player in global supply chain'

'India can emerge as key player in global supply chain'

Rediff.com15 Feb 2025

'It can position itself as a China Plus One solution, fulfilling the demands of developed economies.'

'Murderers Are The Most Reliable People'

'Murderers Are The Most Reliable People'

Rediff.com19 Feb 2025

'It would be difficult for us to run jails if it wasn't for murderers.'

History In Minutes: Man Who Handwrote Our Constitution

History In Minutes: Man Who Handwrote Our Constitution

Rediff.com6 Mar 2025

Prem Bihari Narain Raizada wrote 145,000 words in flowing italic styles. It took him 6 months and hundreds of nibs.

Tax dept issues notice to Anil Ambani for Rs 814 cr in 2 Swiss bank accounts

Tax dept issues notice to Anil Ambani for Rs 814 cr in 2 Swiss bank accounts

Rediff.com23 Aug 2022

The income tax department has sought to prosecute Reliance Group chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.

'No one knows who funds the BJP'

'No one knows who funds the BJP'

Rediff.com16 Feb 2024

'Who has given how much money to which party, the people of India must know this fact.'